08-24-92 Council Meeting Minutes

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`? �8e� RFC,ULAR ME1?=.G nTTr_ Section III. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. STEPHEN LUECKE Member of the Common Council A public hearing was held on the resolution at this time. Jeff Gibney, Director of South Bend Heritage, made the presentation for the resolution. He indicated they planned to construct 22 duplex and 7 triplex buildings, containing 65 apartments for rent to low or moderate income families. Council Member Coleman made a motion to adopt this resolution, seconded by Council Member Ladewski. Council Member Luecke announced that he is an employee of South Bend Heritage, however, he will not receive any gain on this project and will be voting on the resolution. The resolution was adopted by a roll call vote of nine ayes. RESOLUTION NO. 1968 -92 A RESOLUTION OF THE COMMON COUNCIL OF THE CITY OF SOUTH BEND DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 4303 TECHNOLOGY DRIVE AN ECONOMIC REVITALIZATION AREA FOR PURPOSES OF A SIX (6) YEAR REAL PROPERTY TAX ABATEMENT FOR PATTERSON DENTAL COMPANY NORTHERN DISTRIBUTION CENTER. Section IV. The Common Council hereby accepts the report and recommendation of the Human Resources and Economic Development Committee that the area herein described be designated an Economic Revitalization Area and hereby adopts a resolution designating this area as an Economic Revitalization Area for purposed of real property tax abatement. Section V. The designation as an Economic Revitalization area shall be limited to two (2) calendar years from the date of the adoption of this Resolution by the Common Council. Section VI. The Common Council hereby determines that the property owner is qualified for-and is granted property tax deduction for a period of Ten (10) years. Section VII. The Common Council directs the City Clerk to cause notice of the adoption of this Declaratory Resolution for Real Property Tax Abate REGULAR MEETING AUGUST 24, 1992 Whereas, a petition for real property tax abatement has been filed with the